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I can agree that if a company can't afford to pay the higher wage, than they will likely increase the cost of their goods. However, if the company pays higher than minimum wage to begin with, they could expect a more generous productivity from their employees, thus higher income for the overall company. When such minimum wage raises like this come along, the company would not be effected in the least.
It's really a competition between worker and boss. Both are trying to make more money from the other. If the boss demonstrates that he is willing to toss a bone once in a while, than the worker will likely work harder. After that, it is up to the boss to decide if the worker's performance meets the reward. |
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You can not blame the wage increase for the cost of living increase. The cost of living increase is because of the government and your big oil companies and companies like sweepco that has no competition for their product. Do you think sweepco would have as many customers for power if there was another company with cheaper rates. That is another case of your supply and demand. They supply power, there is a demand for it but there is no competition so they charge whatever they want to a certain point. It's pay what we charge or we'll cut you off. Great for supply and demand. Another thing that affects the cost of living, people like that CEO of Enron, how many people did he put the shaft too? No the wage increase was not responsible for that.
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I will have to weigh in on this one. What it comes down to is we will have to do more with less. In the end the people living on the bottom level of income will find themselves with out a job. The sad part is the people with out money will vote for the people that are doing this to them.
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Also do you think our elected people deserve the big bucks they make. A lot of our polticians own business that they make money at but they still draw enormous paychecks from us. And we give them the power to vote theirself a raise when they want.
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I grew up during the cold war with the Soviet Union. As a child we had an former Soviet citizen who excaped that country come and speak to our class and explain how in the USSR, garbage men and doctors all made the same salary, and the government told you what your job is going to be. Government intervention such as minimum wage laws bring our country one step closer to that goal of "fairness for all" (socialism). If you are counting on government laws to provide fairness, and not the natural laws of supply and demand, then you will be disappointed time and time again and will never earn a chance to become truely independent. I think that government is like crack, every addictive. Once you are high on government, it is hard to get off it. |
Piemaker, if an employer refuses to give raises then don't work for this company. Truth of the matter there will always be those at the bottom of the totem pole who will never be able to better themselves. Some causes are lack of education, lack of experience, lack of intelligence, and laziness.
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